On average, listings lease in the $30's per square foot per year. The Northeast Seattle region is going through a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Northeast Seattle submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 70 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available space in the Northeast Seattle are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1969 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Seattle occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Northeast Seattle.
Get email notifications when new listings are posted that match your requirements.